Blog

Enhancing competitiveness of Hong Kong’s listing platform

A gist of the blog:

Last week, the Securities and Futures Commission (SFC) and the Stock Exchange of Hong Kong Limited (SEHK), together with the Government, released the consultation conclusions on the enhancements to the SEHK's decision-making and governance structure for listing regulation. I would like to extend my gratitude to the SFC and the SEHK for their joint effort in analysing and considering the public opinions received, and in proposing a win-win way forward that can address the views of stakeholders in a balanced manner.

The Government attaches great importance to developing Hong Kong's financial markets, and maintaining credibility of the market as well as investors’ confidence, because these are the keys to strengthen the competitiveness of our financial markets. I chaired the first meeting of the Financial Leaders Forum in end August. The meeting had a good discussion on how to further enhance our listing platform, including how to deal with the global trend of listing of firms with weighted voting rights. The SFC and Hong Kong Exchanges and Clearing Limited are conducting studies and discussion on this topic and I hope we will be able to see some progress soon.

September 17, 2017